Property ain't selling that well here in Miri. Lots of empty shop lots, and even housing area some still not occupants for years. I think some of those developers have lost their mind because they keep making new commercial buildings.

There was this new property sale last year, all house fully booked during launch. Few weeks later, start to see flippers start selling the new house even before it completes.

Few months later, that same developer had to 'relaunch' its property sale again because the first round got many buyer not able to get bank approval.

Visit the property developer office, I see got few units unsold because buyers fail to get loan.

Heh, nowadays you can even rent a new corner lot unit for RM500.